Finstad og Jørgensen, Vethe Maskin, and Asker Betongsaging

Saga Corporate Finance is pleased to have assisted the owners of Finstad og Jørgensen, Vethe Maskin, and Asker Betongsaging in the sale to Vokstr, a group of market-leading companies specializing in the rehabilitation and maintenance of buildings.

Founded in 1990, Finstad og Jørgensen is a contractor and carpentry business specializing in rehabilitation projects for the Norwegian government, municipalities, industry, and trade. Vethe Maskin, founded in 2018, is engaged in groundwork and landscape design. Asker Betongsaging is the latest addition to the group (founded in 2021) and is engaged in disc-cutting and core drilling. The three companies work together on most projects, with Finstad og Jørgensen as the executive contractor. With 30 years of experience in the Norwegian building and construction industry, the group serves primarily professional real estate owners and operators in the greater Oslo area.

As part of Vokstr, Finstad og Jørgensen, Vethe Maskin, and Asker Betongsaging will benefit from strong professional support while retaining the freedom to nurture their own culture and identity. Established in 2022 by Adelis, a Swedish private equity fund, Vokstr is a group of market-leading building rehabilitation services companies in the Oslo area and South of Norway for public and commercial customers. Finstad og Jørgensen, Vethe Maskin, and Asker Betongsaging is Vokstr’s third acquisition after Håndverkskompaniet and Bico joined the group in 2022 and 2023.

The acquisition is subject to approval by the Norwegian Competition Authority.